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REGULAR MEETINGFEBRUARY 28, 2005 <br />SECTION IV. The Common Council hereby confirms its Declaratory Resolution <br />designating the area described herein as a Residentially Distressed Area for the purposes <br />of tax abatement. Such designation is for Real property tax abatement only and is limited <br />to five (5) calendar years from the date of adoption of the Declaratory Resolution by the <br />Common Council. <br />SECTION V. The Common Council hereby determines that the property owner is <br />qualified for and is granted Real property tax deduction for a period of five (5) years, and <br />further determines that the petition complies with Chapter 2, Article 6, of the Municipal <br />Code of the City of South Bend and Indiana Code 6-1.1-12.1 et seq. <br />SECTION VI. This Resolution shall be in full force and effect from and after its <br />adoption by the Common Council and approval by the Mayor. <br /> s/Charlotte D. Pfeifer <br /> Member of the Common Council <br />Mr. Bernie Feeney, Registered Land Surveyor, 715 South Michigan Street, South Bend, <br />Indiana, made the presentation for this bill of behalf of Garden Homes by E.L., Inc. <br />Mr. Feeney advised that the petitioner will develop forty-six (46) single family homes on <br />20 acres on the south side of Brick Road. The project will include sewers, water mains, <br />storm sewers and retentions basins, along with public streets, sidewalks and lighting. The <br />homes will be stick-built, single family homes, approximately 1,340 square feet and the <br />cost of homes within this development is expected to be between $120,000 and $150,000. <br />A Public Hearing was held on the Resolution at this time. <br />There being no one present wishing to speak to the Council either in favor of or in <br />opposition to this Resolution, Councilmember White made a motion to adopt this <br />Resolution. Councilmember Dieter seconded the motion which carried and the <br />Resolution was adopted by a roll call vote of nine (9) ayes. <br />RESOLUTION NO. 3425-05 A RESOLUTION CONFIRMING THE <br /> ADOPTION OF A DECLARATORY <br /> RESOLUTION DESIGNATING CERTAIN <br /> AREAS WITHIN THE CITY OF SOUTH BEND, <br /> INDIANA, COMMONLY KNOWN AS LOTS <br /> NUMBERED 1 THROUGH 71, HIDDEN CREEK <br /> SUBDIVISION AS RESIDENTIALLY <br /> DISTRESSED AREAS FOR PURPOSES OF A <br /> FIVE (5) YEAR RESIDENTIAL REAL <br /> PROPERTY TAX ABATEMENT FOR PLACE <br /> BUILDERS, INC. CRYSTAL BAY BUILDERS <br />WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a <br />Declaratory Resolution designating certain areas within the City as Residentially <br />Distressed Areas for the purpose of tax abatement consideration; and <br />WHEREAS, a Declaratory Resolution designated the area commonly known as vacant <br />land, south side of the St. Joe Valley Parkway, ½ mile west of US 31 on Jackson Road, <br />South Bend, Indiana, and which is more particularly described as follows: <br />Street Address: Legal Description: Key Number: <br />718 Summertime Lane Lot 1 Hidden Creek 01-1014-030307 <br />726 Hidden Creek Drive Lot 2 Hidden Creek 01-1014-030308 <br />734 Hidden Creek Drive Lot 3 Hidden Creek 01-1014-030309 <br />14 <br /> <br />